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May 2, 2022
Question

I had stock sales. I live and work remotely in NJ. No taxes were withheld, I paid Estimated federal taxes. If I have some part time W2 wages from NY and 1099 wages in NJ. Will the stock sales be taxed in NY and NY?

  • May 2, 2022
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1 reply

rjs
Employee
May 2, 2022

The stock sales will be taxed only by New Jersey, the state that you live in. However, the income from the sales will appear in the Federal column of your New York nonresident tax return, because the New York return calculates your New York income as a percentage of your federal income.